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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ (837) $ (975)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 430 643
Stock-based compensation 226 246
Deferred income taxes (120) 30
Gain on disposal of assets (87) (7)
Non-cash asset impairment 99 18
Gain on repurchase of debt (4) 0
Amortization of debt issuance costs and discounts 14 9
Other non-cash operating activities, net 24 (8)
Changes in:    
Accounts receivable, net (202) 1,213
Inventories 483 (341)
Accounts payable 211 (442)
Accounts payable to related parties 18 (54)
Accrued expenses (310) (484)
Income taxes payable (524) 144
Accrued compensation 97 (169)
Other assets and liabilities, net (178) (163)
Net cash used in operating activities (660) (340) Close
Cash flows from investing activities    
Purchases of property, plant and equipment (371) (702)
Proceeds from the sale of property, plant and equipment 195 14
Notes receivable issuances to Flash Ventures (184) (496)
Notes receivable proceeds from Flash Ventures 391 542
Strategic investments and other, net 0 22
Net cash provided by (used in) investing activities 31 (620) Close
Cash flows from financing activities    
Issuance of stock under employee stock plans 40 49
Taxes paid on vested stock awards under employee stock plans (66) (69)
Net proceeds from convertible preferred stock (5) 882
Purchase of capped calls (155) 0
Repurchases of debt (505) 0
Repayments of debt (1,267) (1,180)
Proceeds from debt 2,500 1,180
Debt issuance costs (36) (6)
Net cash provided by financing activities 506 856 Close
Effect of exchange rate changes on cash (6) (3) Close
Net decrease in cash and cash equivalents (129) (107) Close
Cash and cash equivalents, beginning of year 2,023 2,327
Cash and cash equivalents, end of period 1,894 2,220
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 874 181
Cash paid for interest $ 321 $ 252